Air Products & Chemicals (APD) Earning Somewhat Positive Media Coverage, Study Finds
Headlines about Air Products & Chemicals (NYSE:APD) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Air Products & Chemicals earned a news impact score of 0.16 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 46.7701492180749 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s analysis:
- Air Products & Chemicals (APD) Upgraded to “Buy” at Zacks Investment Research (americanbankingnews.com)
- Air Products & Chemicals, Inc. (APD) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Zacks Investment Research Downgrades Air Products & Chemicals (APD) to Hold (americanbankingnews.com)
- Glistening Stock’s Review – Air Products and Chemicals Inc (NYSE: APD) – Alpha Beta Stock (alphabetastock.com)
- Air Products and Chemicals, Inc. (APD) is worth Technically buying or selling right now? – Wall Street Morning (wallstreetmorning.com)
Several brokerages recently issued reports on APD. Zacks Investment Research raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $192.00 target price for the company in a report on Monday. Jefferies Group reissued a “buy” rating and set a $195.00 target price on shares of Air Products & Chemicals in a report on Monday, January 29th. Monness Crespi & Hardt raised their target price on shares of Air Products & Chemicals from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, January 29th. KeyCorp lifted their price objective on shares of Air Products & Chemicals from $175.00 to $184.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Finally, Citigroup lifted their price objective on shares of Air Products & Chemicals from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $179.19.
Air Products & Chemicals (NYSE:APD) last announced its earnings results on Friday, January 26th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.13. Air Products & Chemicals had a net margin of 33.51% and a return on equity of 14.80%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the business earned $1.47 earnings per share. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. sell-side analysts forecast that Air Products & Chemicals will post 7.32 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 14th. Stockholders of record on Monday, April 2nd will be given a $1.10 dividend. This is a positive change from Air Products & Chemicals’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, March 29th. This represents a $4.40 annualized dividend and a dividend yield of 2.57%. Air Products & Chemicals’s dividend payout ratio (DPR) is 29.25%.
About Air Products & Chemicals
Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.
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